Longer-dated bonds enjoyed the biggest gains, with the 2047 bond enjoying the biggest gains, up 2.6 cents at 82.3 cents, Tradeweb data showed
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LONDON - Egypt's international bonds jumped by more than 2 cents after the central bank ramped up rates by 600 basis points and the currency slipped to a fresh record low, signalling the start of a long awaited devaluation.
Longer-dated bonds enjoyed the biggest gains, with the 2047 bond enjoying the biggest gains, up 2.6 cents at 82.3 cents, Tradeweb data showed.
(Reporting by Karin Strohecker; editing by Dhara Ranasinghe)
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